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Property profile & analytics
OFF-MARKET
Estimated value
$1,435,000
Grocery and convenience stores
25843 Lahser Rd Southfield, MI 48033
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US43-2212445
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
1981
Total area
17,037 SF
Lot
1.93 ac (84,245 SF)
Zoning code
B-3
APN
76-24-21-428-077
UPID
US43-2212445
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Joe's Tailoring & Menswear (Bike/Boat/Book/etc) Store
-
America's Management Services Business Management Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.63M
Blend (final)
Blend
$1.44M
Owner & transaction history
Civic Corner LLC · 3 yrs held
Civic Corner LLC
since 2023
7 recorded transactions
Zoning & alternative use
B-3 · Southfield, MI
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Southfield submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Southfield submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.44M
Range $1.29M – $1.58M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$84 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$44,735
Tax year 2022
Assessed value
$638,890
Assessed 2022
Previous assessed
$638,890
+0.0% YoY
Effective rate
7.00%
On assessed value
Assessed land
$164,730
Assessed improvement
$474,160
Land market value
$329,460
Improvement market value
$948,320
Total market value
$1,277,780
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
1981
Heating
FORCED AIR
Stories
1
Total area
17,037 SF
Lot
1.93 ac (84,245 SF)
Zoning code
B-3
APN
76-24-21-428-077
UPID
US43-2212445
Jurisdiction
OAKLAND
Metro division
WARREN-TROY-FARMINGTON HILLS, MI METROPOLITAN DIVISION
Zoning & alternative use
B-3 · Southfield, MIZoning B-3 · permitted uses
B-3 · Southfield, MI
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The General Business District (B-3) is designed to provide sites for diversified business types and is often located so as to serve passerby traffic
Zone name
General Business
General category
COMMERCIAL
Zone area
439.03 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1981
Heating
FORCED AIR
Stories
1
Lot
1.93 ac
Current owner
From public records · entity-resolved
Civic Corner LLC
Entity
Mailing address
25877 LAHSER RD, SOUTHFIELD, MI 48033-5880
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 20, 2023
—
Civic Corner LLC
Garmo Properties LLC
Deed
$3,250,000 · The Farmers & Merchants State Bank
Nov 7, 2016
—
Garmo Properties LLC
—
Deed
related
$1,650,000 · First State Bank
Feb 7, 2013
—
Consumers Energy Co
Garmo Properties LLC
Warranty Deed
related
$1,627,500 · First State Bank
Jan 25, 2013
—
Garmo Properties LLC
Consumers Energy Co
Warranty Deed
—
—
—
Garmo Properties LLC
—
Deed Of Trust
related
$2,500,000 · Caymus Holdings LLC
—
—
Garmo Properties LLC
—
Deed Of Trust
related
$300,000 · Comerica Bank
—
—
Garmo Properties LLC
—
Deed Of Trust
related
$1,627,500 · First State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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